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Rental Market Update: March 2021

At Belle Property Illawarra, we are experts at leasing and property management and are focused on increasing rental returns for our clients.

Minimising the vacancy on your investment is just one of the ways we increase returns for our clients - and we have had some great results recently with multiple properties leased after just 1 open home, and some even leased off-market.

We've had some outstanding results this month, and are currently leasing properties in less than half the time of the industry average - our average days on market for properties leased over the past month is just 17 days, the industry average sits at 39 days. Here are some great examples below.

A 3 bedroom apartment on Pleasant Avenue, North Wollongong recently leased, with 15 groups inspecting the first open home and multiple applications. This property was leased after the first open for $100 per week over the asking rental.

Another great result was a home on Tamarind Drive, Cordeaux Heights - utilising our executive tenant database we leased this property off-market.

A house on Woodlawn Avenue, Mangerton was also leased after the first open home for $70 more than asking rent, after receiving many enquiries, 24 groups inspecting, and multiple applications received.

Our team of highly adept agents rent simple studios and million-dollar homes with the same commitment, professionalism, and attention to detail - our property management team is dedicated to delivering a personalised experience.

If you’d like to know more about how Belle Property can increase your rental returns, contact our Investment Consultant Benjamin Sayers on 0499 980 833 to discuss your portfolio.


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